Equities analysts expect Matador Resources (NYSE:MTDR) to announce earnings of $0.96 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Matador Resources’ earnings. The highest EPS estimate is $1.17 and the lowest is $0.75. Matador Resources posted earnings of $0.10 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 860%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 26th.
On average, analysts expect that Matador Resources will report full-year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $4.18. For the next fiscal year, analysts forecast that the business will report earnings of $4.68 per share, with EPS estimates ranging from $3.81 to $6.26. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Matador Resources.
Matador Resources (NYSE:MTDR) last issued its quarterly earnings results on Monday, July 26th. The energy company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.35. The business had revenue of $357.43 million for the quarter, compared to analysts’ expectations of $356.18 million. Matador Resources had a negative net margin of 18.98% and a positive return on equity of 15.69%. The business’s quarterly revenue was up 468.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share.
Shares of MTDR stock traded up $2.01 on Friday, reaching $32.08. 21,435 shares of the company were exchanged, compared to its average volume of 1,748,975. The company has a market cap of $3.75 billion, a price-to-earnings ratio of -18.17 and a beta of 4.80. The company has a 50-day moving average of $29.22 and a 200-day moving average of $28.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.79 and a quick ratio of 0.76. Matador Resources has a one year low of $6.29 and a one year high of $38.04.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Thursday, August 12th were paid a $0.025 dividend. The ex-dividend date was Wednesday, August 11th. This represents a $0.10 annualized dividend and a yield of 0.31%. Matador Resources’s dividend payout ratio (DPR) is 17.86%.
In other news, CEO Joseph Wm Foran acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, August 4th. The stock was purchased at an average price of $28.04 per share, for a total transaction of $84,120.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Craig N. Adams acquired 1,000 shares of the firm’s stock in a transaction on Thursday, August 19th. The stock was purchased at an average price of $25.25 per share, with a total value of $25,250.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,000 shares of company stock valued at $138,700. Company insiders own 6.80% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in MTDR. IFP Advisors Inc bought a new position in shares of Matador Resources during the 2nd quarter valued at approximately $29,000. FMR LLC bought a new position in shares of Matador Resources during the 2nd quarter valued at approximately $30,000. Marshall Wace LLP bought a new position in shares of Matador Resources during the 1st quarter valued at approximately $74,000. Harvest Fund Management Co. Ltd bought a new position in shares of Matador Resources during the 1st quarter valued at approximately $79,000. Finally, Catalyst Capital Advisors LLC bought a new position in Matador Resources in the 2nd quarter worth approximately $79,000. 84.34% of the stock is owned by hedge funds and other institutional investors.
About Matador Resources
Matador Resources Co is a holding company, which engages in the exploration, development, production, and acquisition of oil and natural gas resources. It operates through the following segments: Exploration and Production, Midstream, and Corporate. The Exploration and Production segment focuses on the exploration, development, production, and acquisition of oil and liquids-rich portion of the Wolfcamp and Bone Spring.
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